Business

US-Iran Talks Collapse: FPIs Panic Sell Stakes as Middle East Tensions Trigger Indian Market Downturn Foreign portfolio investors (FPIs) sharply reversed course, turning into net sellers of equity. This dramatic shift in sentiment followed the collapse of US-Iran talks, a development that saw US President Donald Trump ordering a navel blockade of the Strait of Hormuz.Despite the volatile global backdrop, domestic institutional investors (DIIs) provided a steady counterweight. The DIIs remained net buyers for the 31st consecutive day, acquiring shares worth ₹ 2,432 crore.FPI Sell-Off Continues Amid Geopolitical Stress The collapse of talks fueled significant selling pressure from the institutional layer. FPIs offloaded a total stake...

Misri Deepens Global Ties: India Targets AI, Defence Cooperation with France and Germany Amid Middle East Tensions Foreign Secretary Vikram Misri is spearheading a series of high-level diplomatic engagements across Europe, reinforcing India's strategic partnerships amid volatile global hotspots. His recent meetings in Paris and upcoming visit to Berlin underscore India's continued push for comprehensive international collaboration across critical modern sectors.Misri recently held a meeting with French Minister for Europe and Foreign Affairs, Jean-Noel Barrot, in Paris. The discussions centered on deepening bilateral cooperation and navigating complex global challenges.The talks covered pressing regional issues, specifically...

JAKSON Group Surges on Energy Solutions Push: Revenue Jumps 13% to Rs 9,000 Crore in FY26 JAKSON Group announced robust financial figures on Monday, reporting a 13 per cent jump in its revenue for the fiscal year 2026. The total revenue reached Rs 9,000 crore, marking a significant expansion compared to the previous year. This strong performance was substantially driven by the Distributed Energy Business (DEB) segment, which contributed approximately Rs 2,300 crore.Financial Performance Highlights FY26 Growth The financial results underscore the company's successful transition and scaling efforts within the critical energy sector. The 13 per cent revenue increase signals strong market acceptance for JAKSON’s diverse offerings. The...

Pirojsha Godrej Takes Helm as Godrej Industries Group Chairperson in Major Generational Succession Move The Godrej Industries Group (GIG) announced a significant leadership overhaul, marking a planned generational transition in its top executive structure. Pirojsha Godrej is set to take over the mantle of Chairperson of the conglomerate in August from his uncle, Nadir Godrej.Nadir Godrej's handover solidifies a multi-stage succession plan that involves leadership changes across several key entities within the diversified group. This strategic transition is aimed at ensuring sustained growth while preserving the established legacy.Leadership Transition Details Within Godrej Industries Group Pirojsha Godrej, who is the son of Nadir's...

US Markets Tumble: Geopolitical Fears Over Iran Trigger Dow's Steep Slide and Sell-Off The major US stock indices opened in the red on Monday, reflecting significant investor anxiety. Selling pressure swept through the market after the possibility of a diplomatic truce with Iran faltered following failed talks in Pakistan. This geopolitical development immediately cast a shadow over global financial markets.Index Downturn Amid Rising Tensions The broad market indices immediately reflected the uncertainty. The S&P 500 opened 0.21% lower, settling at 6,802.66. The tech-heavy Nasdaq Composite also saw losses, declining 0.23% to trade at 22,850.87.The sell-off was most pronounced in the Dow Jones Industrial Average. The index shed...

ICICI Prudential AMC Profits Surge 24%, Driven by Robust Full-Year Revenue Growth ICICI Prudential Asset Management Company has reported robust financial figures, signaling strong momentum in the asset management sector. The company announced a substantial profit increase for the March quarter, supported by higher levels of income.The results mark a period of sustained growth, coming after the company’s stellar stock market debut in December 2025.ICICI Prudential AMC Posts Strong Quarterly Profit Growth For the quarter ending March, the asset manager posted a significant profit after tax (PAT) of Rs 763.4 crore. This represents a solid 10.4 per cent rise compared to the corresponding quarter in the previous fiscal year.Management...

Gold Plunges Amid Fears of Strait of Hormuz Blockade, Signaling Global Energy Crisis Shock Gold futures plummeted on Monday, driven by heightened geopolitical tensions following US plans to blockade key ports in the Strait of Hormuz. The decline has intensified concerns regarding a potential worsening of the global energy crisis, putting significant pressure on commodity markets.On the domestic front, the yellow metal suffered a notable setback in the futures trade. Gold prices declined by Rs 1,162, settling at Rs 1.51 lakh per 10 grams for June delivery on the Multi Commodity Exchange. This represents a fall of nearly 1 per cent, trading in a business turnover of 7,739 lots.US Escalates Tension, Threatening Blockade of Iranian Gulf...

Zero Tolerance: Tata Group Orders Strict Action After TCS Nashik Allegations Ignite POSH Compliance Crisis Natarajan Chandrasekaran, Chairman of Tata Sons, has addressed the sexual harassment allegations stemming from the TCS Nashik office, terming the matter "gravely concerning and anguishing." He assured stakeholders that the group is handling the crisis with utmost seriousness and urgency.In a strongly worded statement, Chandrasekaran emphasized that the Tata Group maintains an unwavering zero-tolerance policy towards any form of misconduct or coercion by its employees. He confirmed that action had already been initiated against the accused individuals.Corporate Commitment Amidst Internal Probe A comprehensive internal...

Ahuja Residences Targets ₹500 Crore Revenue in 3 Years, Signals IPO Ambition Amid Massive Expansion Delhi-headquartered hospitality chain, Ahuja Residences, has outlined an ambitious growth trajectory, aiming to hit ₹500 crore in revenue over the next three years. The expansion drive is backed by plans to secure external funding and potentially launch an Initial Public Offering (IPO). Jaideep Ahuja, Managing Director and CEO, stated that the company is executing a disciplined, long-term growth strategy to scale its operations.Charting Course for ₹500 Crore Revenue Milestone Ahuja Residences is focused on achieving significant scale over the next three years. The company sees a clear path toward the ₹500 crore revenue mark, cementing...

Tata Group Chairman Orders High-Level Probe After 'Anguishing' Allegations Surface at TCS Nashik Office Mumbai, Apr 13 - Tata Sons Chairman N Chandrasekaran addressed the grave misconduct allegations emerging from the Tata Consultancy Services (TCS) Nashik branch. He described the situation as "gravely concerning and anguishing," announcing an immediate, high-level internal investigation into the matters.The Chairman confirmed that a thorough inquiry has been launched, specifically under the leadership of TCS' Chief Operating Officer, Arathi Subramanian. This deep dive aims to establish all facts and identify the individuals responsible for the deeply troubling situation.Senior Executive Launches Probe Following Harassment Claims...

The digital invoice discounting platform is set for a monumental expansion, with volumes expected to jump over 70 per cent in FY27. Industry experts point to a new government mandate requiring major public sector undertakings to utilize the Trade Receivables Discounting System (TReDS) for settling payments to small businesses.Sundeep Mohindru, founder and promoter of M1xchange, stated that the mandatory adoption of TReDS by Central Public Sector Enterprises (CPSEs) will drastically expand government business flows. He predicts that the sector's overall volumes could experience a remarkable 70-80 per cent upside next year.Government Mandate to Fuel TReDS Growth The impetus for this massive growth stemmed from the Union Budget 2026...

EAM Engages Kuwait on Regional Developments External Affairs Minister (EAM) S. Jaishankar engaged in high-level diplomatic talks, first with Kuwait, focusing on the evolving regional situation. On Monday, April 13, EAM Jaishankar held a telephonic conversation with Kuwait’s Minister of Foreign Affairs, Sheikh Jarrah Jaber Al-Ahmad Al-Sabah.The primary agenda of the discussion centered on the prevailing situation in West Asia and ensuring the well-being of the Indian diaspora. Kuwait’s Ministry of Foreign Affairs confirmed that the detailed conversation covered the efforts being made regarding various regional developments.These talks took place amid a historically tense security environment in the region, particularly following...

The Indian auto component manufacturing sector reported no serious shortages of LPG, according to a senior government official. The Ministry of Heavy Industries confirmed that measures are actively underway with industry body ACMA to safeguard the supply chain and prevent any disruptions.Addressing an inter-ministerial briefing, Additional Secretary Hanif Qureshi emphasized that the ministry is in constant dialogue with the automobile industry to address potential supply chain gaps. He added that the government has also advised manufacturers to strategically adopt cleaner fuels, such as PNG and electric furnaces, wherever they are feasible.LPG Supply and Production Uptick Maintained Responding to media queries, Qureshi confirmed...

The India-Oman relationship is set for a significant boost in trade and investment following high-level discussions between key ministers from both nations. The talks centered on maximizing opportunities available under the Comprehensive Economic Partnership Agreement (CEPA).Union Commerce and Industry Minister Piyush Goyal recently held a telephonic conversation with the Minister of Commerce, Industry and Investment Promotion of Oman, Anwar bin Hilal bin Hamdoun Al Jabri. The discussion highlighted a mutual commitment to deepening economic ties.Strengthening India-Oman Bilateral Trade Ties During the call, Mr Goyal stated that the dialogue between the two leaders was aimed at accelerating economic cooperation. The primary focus was...

The government has significantly expanded the scope of the startup ecosystem funding through the introduction of the ₹10,000 crore Fund of Funds 2.0 (FoF 2.0). According to a notification from the Department for Promotion of Industry and Internal Trade (DPIIT), the revamped fund is designed to channel concentrated capital into four key, specialized segments.The second tranche of this Fund of Funds was previously approved by the Cabinet in February. It aims to mobilize substantial venture capital (VC) while providing specialized support to deep technology, tech-driven manufacturing, and high-potential early-growth enterprises.Expanding the Startup Investment Mandate with FoF 2.0 The new FoF 2.0 represents an expansion over the...

Tensions over global oil supply hit a critical point as the United States announced sweeping naval blockade measures concerning the Strait of Hormuz. This move follows diplomatic talks regarding Iran's nuclear ambitions, creating immediate anxiety over the world's most crucial maritime trade route. International partners, including France and the United Kingdom, are mobilizing to coordinate a multilateral effort to guarantee the unimpeded flow of global shipping.Global Maritime Crisis: US Threat Intensifies Blockade of Strait of Hormuz The immediate catalyst for heightened tension was a declaration by US President Donald Trump. He announced that the United States Navy would begin the process of BLOCKADING any and all ships entering or...

Wall Street futures are facing a sharp start to the week, with the S&P 500 and Dow Jones Industrial Average futures trading lower. The downward momentum is fueled by escalating geopolitical tensions and the sharp spike in global energy prices. Investor caution is palpable after negotiations between the US and Iran failed to produce a breakthrough.US Indices Futures Reflect Steep Sell-Off US equities are pointing toward a weak opening, as futures markets registered noticeable declines in early trading. As of around 6:11 a.m. ET, E-mini S&P 500 futures dipped by 34 points, marking a 0.5% loss to 6,821.25.Similarly, E-mini Dow futures slipped 212 points, amounting to a 0.44% fall, settling at 47,917. The tech-heavy Nasdaq futures saw...

The Government of India convened a comprehensive Inter-Ministerial Briefing to update stakeholders on developments in West Asia, highlighting the resulting strategic policy pivots aimed at strengthening domestic energy security. Amid global volatility, key ministries detailed accelerated initiatives in electric mobility, clean gas expansion, and strategic resource localization to reduce reliance on imported hydrocarbons.Accelerating Clean Energy Transition and Manufacturing Push In light of heightened volatility in global energy markets, the Ministry of Heavy Industries announced aggressive measures to boost self-reliance in critical energy sectors. Officials stressed that geopolitical developments underline the urgent necessity to...

The power infrastructure sector witnessed significant enthusiasm on Monday, as the initial public offering (IPO) of Om Power Transmission Ltd. was subscribed robustly. The company’s listing has been met with substantial investor appetite, completing its bidding process with a remarkable 3.33 times oversubscription.The IPO generated strong interest, reaffirming investor confidence in India’s rapidly expanding power transmission market. The strong demand is positioning the company favorably amid the ongoing infrastructure push across the nation.IPO Subscription Details Reveal Strong Market Appetite The listing had an initial valuation of Rs 150 crore. As reported by NSE data, the IPO received bids for 1,99,65,140 shares. This figure...

The Indian government has announced stringent import curbs on Glufosinate and its salts, a critical herbicide used widely within the agricultural sector. The measure, effective immediately, restricts the entry of the chemical compound for a period of six months.The Directorate General of Foreign Trade (DGFT) issued the notification confirming the regulatory restriction. The curb specifically targets imports of Glufosinate and its salts.Key Conditions Governing Herbicide Imports According to the DGFT notification, the ban is tied to a specific pricing metric. Imports will be restricted if the combined value of the Cost, Insurance, Freight (CIF) value and the applicable anti-dumping duty falls below a certain threshold.The mandated...